Business
Egypt finishes first meeting with African ministers over unified WTO stances
January 18, 2015
Egypt finishes first meeting with African ministers over unified WTO stances
Egypt wrapped up on Sunday a first meeting with a number of African trade ministers over talks related to unifying…
UPDATE2: Egyptian pound hits historic low as country courts investors
January 18, 2015
UPDATE2: Egyptian pound hits historic low as country courts investors
The central bank let the Egyptian pound depreciate for the first time in six months on Sunday, in what analysts…
CEO: Dubai’s Mashreq interested in Citigroup’s Egypt retail business
January 18, 2015
CEO: Dubai’s Mashreq interested in Citigroup’s Egypt retail business
Mashreq, Dubai's third-biggest lender by assets, is interested in acquiring Citigroup's Egyptian retail business, Mashreq's chief executive said on Sunday.The…
Saudi-Egyptian association to build LE600 mn hospital
January 18, 2015
Saudi-Egyptian association to build LE600 mn hospital
The Saudi-Egyptian Businessmen Association has declared plans for a 100-room hospital in Egypt worth LE600 milion. Mohamed al-Raghy, the association’s CEO,…
Egypt’s market loses LE2.13 billion on Thursday, while EGX30 inches up 0.12%
January 15, 2015
Egypt’s market loses LE2.13 billion on Thursday, while EGX30 inches up 0.12%
Egypt's market inched up today by 0.12 percent recording 9,555.99 points and a turnover of LE940 million, dealer said. Foreign institutions…
Egyptian pound steady on official market, stronger on black market
January 15, 2015
Egyptian pound steady on official market, stronger on black market
The Egyptian pound was unchanged at a central bank dollar sale on Thursday, and strengthened on the black market.The bank…
Central bank expected to maintain interest rates unchanged
January 15, 2015
Central bank expected to maintain interest rates unchanged
The Central Bank of Egypt (CBE) will most likely keep interests rates on lending and deposits unchanged for one night…
Lactalis subsidiary tops rival bid for Egypt’s Arab Dairy
January 15, 2015
Lactalis subsidiary tops rival bid for Egypt’s Arab Dairy
A subsidiary of Europe's biggest dairy group Lactalis has raised its offer for Egypt's Arab Dairy to 60.5 Egyptian pounds…
Egypt expects $500 million in savings from importing LNG due to oil price drop
January 15, 2015
Egypt expects $500 million in savings from importing LNG due to oil price drop
The cost of importing LNG to Egypt will decrease US$0.5 billion annually to $2 billion as a result of the…
Egypt’s market gains LE6.04 billion on Wednesday, EGX30 raises 2.5%
January 14, 2015
Egypt’s market gains LE6.04 billion on Wednesday, EGX30 raises 2.5%
Egypt's market maintained its positive performance on Wednesday for the third consecutive session triggered by local and foreign institutions buying…